USA Mega

Montana Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 2013

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $47,000,000 for a ticket purchased in Montana, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Montana

Drawing Date:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$48,812$433,906
2$742,788$237,787$51,252$453,749
3$779,928$251,528$53,815$474,584
4$818,924$265,957$56,506$496,461
5$859,870$281,107$59,331$519,432
6$902,864$297,015$62,298$543,552
7$948,007$313,718$65,412$568,877
8$995,407$331,256$68,683$595,469
9$1,045,178$349,671$72,117$623,390
10$1,097,437$369,007$75,723$652,707
11$1,152,308$389,309$79,509$683,490
12$1,209,924$410,627$83,485$715,812
13$1,270,420$433,010$87,659$749,751
14$1,333,941$456,513$92,042$785,386
15$1,400,638$481,191$96,644$822,803
16$1,470,670$507,103$101,476$862,091
17$1,544,204$534,310$106,550$903,343
18$1,621,414$562,878$111,878$946,658
19$1,702,484$592,874$117,471$992,139
20$1,787,609$624,370$123,345$1,039,893
21$1,876,989$657,441$129,512$1,090,036
22$1,970,839$692,165$135,988$1,142,685
23$2,069,380$728,626$142,787$1,197,967
24$2,172,849$766,909$149,927$1,256,014
25$2,281,492$807,107$157,423$1,316,962
26$2,395,567$849,315$165,294$1,380,958
27$2,515,345$893,633$173,559$1,448,153
28$2,641,112$940,166$182,237$1,518,709
29$2,773,168$989,027$191,349$1,592,792
30$2,911,826$1,040,331$200,916$1,670,579
Total$47,000,000$16,278,650$3,243,000$27,478,348

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.